5108 Norwood Ave — Lease in Jacksonville, FL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Jacksonville, FL 32208

Description

Opportunity to acquire or lease a 14,415-square-foot freestanding former Walgreens at 5108 Norwood Ave in Jacksonville’s Urban Core. This 1.49-acre outparcel to Gateway Town Center sits at the signalized Norwood Avenue and 44th Street intersection, offering 58 parking spaces and two drive-thru lanes. Gateway Town Center draws more than 2 million visitors annually with traffic anticipated to surge year-over-year per Placer.ai, attracting national tenants alongside anchors including Winn-Dixie, Burlington, Planet Fitness and so many others. The property delivers fantastic accessibility from both corridors, multiple access points and prime proximity to Interstate 95, EverBank Stadium and Downtown Jacksonville. For additional information, please contact us.

Market Context

This retail in Jacksonville, FL is listed for lease. Compare it against other retail listings for lease in Jacksonville, FL — view the full market.

As of Q1 2026, the Jacksonville retail market showed a 5.1% vacancy rate, average asking rents near $26.08/SF/yr, and rents up 1.7% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

Is the Jacksonville retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$1.74/SF/mo – $2.43/SF/mo

Mid: $2.08/SF/mo

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